Oakland Tribune from Oakland, California • 36

i.i'Wnp"ti'L' lj ii fm i "I'lnun i i i i 'ill i i "1 yn, i 1 1 1 i -it. 3 i i i :1 i 'i if i .6 si- i 1 ii i i i i I 1' i a a i I mJZ.Z it flsVTi-l I THEY'RE DOING. nirrratt Aharac a i i lliram Unroc v-v -lls V1UII lIUIVil I I. WIUIII 1 IIWJ II i Business in the Bay Area Mm. is I Move Within I Ross Kelley McCoy of Berke 34 Oakland Tribune, Friday, Jan.

21, 1955 ii j. Narrow Limits TODAY'S BUSINESS MIRROR By WILLIAM FERRIS Gwies Advice Traders Six Oakland men have become members of the National Association of Cost Accountants. They are Robert Hochman, Stanley Rudney, John H. Cur-vers; Sanford Brye and Ralph Fung. t.

New Pacific Division sales manager for American Can Company is Alexander Black, it was reported today by R. C. Stolk, division vice president. Black succeeds Stolk, who was elected vice president earlier this month. J.

II: Earan, former special Westinghouse representative for Coca Cola cooler sales, has been named a district manager for beverage coolers, according to G. G. Winston, Pacific Coast regional manager for the ref rig eration specialties department To Steele By SAM I JEW YORK, Jan. President Eisenhower, has put stock traders on notice today not to try any runaway speculation. I In what some regkrd as a warning to public' which has been drawn into the stock market by trie lure of fast rising prices, he says his administration would take measures to halt excess speculation if it started.

DAWSO Emporium to Split Stock; Orders Extra Directors of the Emporium Capwell Co. yesterday declared an extra dividend of $1 a share and proposed a two for one stock split subject, to approval of stockholders at the annual meeting in April. The extra dividend will be paid Jan. 31 to stock of record Jan. 26.

Similar extras were paid the last three years. Directors announced their intention to pay a quarterly dividend of 60 cents a share on March 10, with the record date to be announced later. This would be paid on the present stock prior to any split and compares with 50 cents in previous quarters. Car Output Tops DETROIT, Jan. 21.

(3 The hot production pace in the automotive industry has shot 1955 car production 35.1 per cent ahead of the comparable 1954 period, Automotive News re ports. At the same time, however. the trade publication said truck production had slid off 12 per cent from 1954. I Automotive News predicted this week's output would fall only 4,000 units short of the, all-time high week of June 14, 1950. It forecast 161,865 cars and 710 trucks, compared with 109 and 2200, respectively, last week.

GM, It said, is scheduled to account for 50.5 per cent of pro duction, against 50.4 last week. Ford. 26.3. against 26.9; and Chrysler, 18.6, against 19 J. Natn'l.

Biscuit Net Up NEW YORK, Jan. 21 National Biscuit Co. reported that for the year ended Dec 31 it had net income of $19,911,929. equal to 12.85 a share, compared with 318.145,160. or 32.61 a share, last year.

It had net sales of 33769292 in 1954 compared with $359,017,706 for 1953. PRIME TARGET, Oliver SetgaDcan Bright Future Forecast for Canned Foods The over-all outlook for the canned fruit and vegetable in dustry this year is bright, ac cording to! Oliver Seegelken, a director of the California Pack ing Corp. Seegelken told a meeting of 130 food brokers and sales rep resentatives from eight western states! andi Canada that "today the housewife looks for the built-in kitchen services pro vided by food packaged the way we do, and the immediate pros pects for lour whole industry therefore, are very jgood. At yesterday's conference See gelken also presented 1954 sales achievements of 'Del Monte products. Which are produced by Cal-Pak, and explained 1955 advertising plans.

WHOLESALE PRODUCE FKIDAT. JAH. 31 By (ae VatteS Preis rsvrrs Calif, ruertes. 30-2U. 33.754)3.00.

GRAPEFRUIT Marsh seedless, bxs. 80, Arts S3.ooft3.30; coacii, valley, t.79- LEMONS S. Calif-Tulare Co. ctns, 180s, S4.00i 4.13. i ORANGES Tulare Co Navels, SO-lOOs.

5.00r5.5O; 17S-230S. PEAFS Santa Clara Co. Cornice, SO-SO, 8o.oocis.za: winter Neus. vo-iio. 4.7j.

VEGETABLES ARTICHOKES Monterey-San Mateo- santa Cruz box, M-40S, S.SW- hROCCOLI 4 Monterey-Santa Crur-S. Barbara-S. Luis Icepk, 28 bnchs, S8.SO. CAULIFLOWER Santa Clara -S. Luis- Alameda SnewbaU.

erta, 83.50.-POTATOES 100 lbs. Jiussets. XlamaUt 4ist. U.S. IS 3 In 84 CELERY Saa Diego 3-3Vi 8.1 IS.

i LETTUCE Drypack. Ariz-Vuma dist. 4 aoz se.z9ts.T; imperial vauey, a dea (JMi6 25. SQUASH imperial Valley. Cats, lUUan, SWEET POTATOES Saa Joaquin btr.

basketsj large Jerseys. ss.80es.7S. TOMATOES-4Imperial Valley. layer, 8 IgT. 33505.T8.' 'K I LIVESTOCK MARKET SOUTH SAN FRANCISCO.

Jan. 31. Bt Uvestock: CATTLE Salable for week 850. Com pared with last week, moderately active, mostly slaufhter classes, about steady except Instances 30 cents hifher on choice steers. Canner and 'cutter cows closed weak to 33 cents lower.

One load choice' 1,111 Ibs 834.50: several ios ana loaaa xooa to low cnolce ao- Lzoo-io. steers. 831jOO-33joo. calvx oaiaoie for week. bo.

com bared with last week, slauchter classes enure supply, steady irons, mai vrauai low cnolce veaier. su.oo: most commercial to low choice 300-450-1 b. lauahter calves. 818.00-20.00. Stocker caives aosenu HOGS Salable for week.

S90. Com pared witlriast week, moderately active, mostly butchers which opened 50 cents hicher. thereafter ealv 33 cents hieher. Sows 58 cents Feeder pigs about steady. Bulk choice 180-2 40-lb.

butcher. 81873. SHEEP Salable for week 800. Com pared with last week, moderately active, bulk slaughter lambs, slauchter lambs steady to strone. Feeder lambs and ewes scarce.

Moxt good and choice slaughter iambs with sll shorn and run woo lea peits. Kl.oo-zi.so: cood hom slaughter lambs with No, 1 pelts. 830.00. N.Y. COTTON MARKET NEW YORK.

Jan. 21. Cotton fu tures closed 15 to 50 cents a bale I gher thsn the previous cloe; Hish Low Close March 84.63 34.5 34.58 Mav 34.83 34.87 34.80 JUiy 33.11 39.U4 33.0T-VS October 34.31 -34 .83 34.88 December; .34.86 34.88 34.85 March. 35.13 35.09 SS.IOn May 35.31 33.34 33.35b July 35.18b 33.18b 33.18b Middling, spot, 33. ion, up n-Nominal.

b-Bid. The President, however, gives stock traders a paternal pat for reflecting jconfi-dence in our economic fu ture by their active bidding up of stocks in recent months. The recent increase of stock! margin requirements by the Federal Reserve the President says in his economics message to Congress, shofrs that the Government is mindful of its great responsibility" prevent a financial boom-arid-bust Tighter money and? rising mxeresi. raies naa warn street guessing, even before the Presl dent tipped his hand. -I Stock traders, bankers and businessmen wonder if the first short steps away from real easy money signal the start of a trend toward definitely money.

They remember: that a move early in 1953 to make money harder helped "put a brake on inflation. I SPECULATIVE FLUBRT Money managers in Washing ton deny they are tryingi to tighten the screws on credit But they show they could move fast to-nip a speculative flurry, before it could develop into a boenvthisf year, to be followed by, a bust next year. The fact that next year ii an election year may or may not have anything to do with the case. The Federal Reserve 5 Board took the first steps lafct fall when, acting on the marked business pickup, it stopped shoveling more money into, the economy. It thus ended ft policy of "active ease." As increased business brought more demand for credit, money got a little tixhtei.

And in recent days the cost ol borrowing has started to Treasury paying th hi eh est price since iecem- ber, 1953 for the money it bor rows each week through its dis count bills. Businessmen Who sell their notes to commercial caper dealers have found the interest they must pay going up; twice of late. The -finance companies who sell their notes to. bankers and investors are paying more interest this week than last It is the first time in 19 months their bor-rowinx costs have gone; up. In fact, since September, 18 tne cost had gone down 10 times.

AVAILABLE BANK CREDIT Bankers, supporting the Fed eral Reserve Board's new policy et letting supply and demand take care of the money at "this time, say that actually i bank credit is still readily avail able' at relative cheap costs. VThe upturn in most business Las Justified the ending el uie board's policy of ctively; easing credit, the bankers say. And the business rains so far give noJ sign of picking up enough speed to threaten a new penoa ci in flation. i The warning that Washington will step hard on any speculative snlarze in the stock market is believed in Wall Street to imply no rebuke to the bulls for carry- in mice to their present levels just a warning not to overdo it The ranks of the bear mean- Lead Stock Market Higher By RADER WINGET NEW YORK, Jan. 21.

tfl The stock market rallied today under inspiration of spirited demand for aircraft. It' was the market's fourth straight rise, tor the first time it was accomplished under the power of expanded volume Gains went to between 1 and points in a number of in stances in key areas while a few went much, farther. Doug-' las Aircraft shot ahead between 7 and; 8 points on the strength of its higher dividend 'and split proposal forwarded yesterday when it gamed AY. Volume mounted to an esti mated. 2,500,000 shares as com pared with 210,000 shares traded yesterday, the first time this week that volume has turned up from the previous day.

i. The steels and railroads fol- lowed the aircrafts higher. Also firmjirerethe motors, rubbers, 10 Da cos. cnemicais. oils, and airlines which were up with: a better than usual amount of activity.

Rail Freight Show Gain WASHINGTON, Jan. 2L I Railroad freight carloadings rose substantially last week, reaching a total of 644,940 cars. The! Association of American Railroads, reporting this today, said the volume for the week ended I Jan. 22 was 2,737 cars or 7.1 per cent above the previous week jand 25,069 cars or 4 per cent above the corresponding week 1954. However, it was 60,077 or 8.5 per cent below the same week in 1953.

Loadings by classifications. with increase, or decrease from the previous week and the corresponding week a year ago, follow? Mle. rrtiht SIMM 431.877 10.598 Less than carlet mdM S.Sn 4- 3.478 4- 0 Coal 126.170 4- 8.748 4 4434 Grain and (rain product M.IM 4 7.331 4 8.37S WMt- Dtst- 83.178 4 4 844 8.102 Livestock lo.uvi 4 4 an 7.883 1J81 4 851 WMt. Dist- Forert product! Or Cok V. 4JJ2 -4 S.173 4- SHM 13.538 748 47 10,163 4 418 38 Odd Lot Transactions i NEW YORK, Jan.

21. The New York Stock' Exchange reported today these odd lot transactions by principal deal ers on the exchange for Jan. 20: purchases of 226,922 shares; sales Of 194,443 shares including 1,542 shares sold short SUGAR FUTURES NTWTORX. Jan. 1L 4B DomactJe wear future No.

closed unchanged to ii if tier: joarca a.oo; atay a-au; tp temoer a.aa. World tuftr futurM No. 4 closed to 4 hifner. One hundred and ten coo. tracts: March 3.18b; May z.i; scptcm ber 3.lb.

Raw sugar, spot. S.tSn. n-Nominal. bBd. have to be created to assure em ployment to our growing popu lation.

It is estimated it takes a $12,000 investment in equipment and other things to provide one job. Simple arith metic shows we will need a S12, 000,000,000 investment each year for new jobs to maintain high employment. U.S. Deficit Tops $9 Billion At Year End WASHINGTON, Jan. 21-tt The.

Treasury's year-end state ment, issued yesterday, showed that the Government closed its books Dec 31 some 000 in the red. That was for the first half of fiscal year 1955 only from July through December, 1954. President Eisenhower told Congress in his budget message delivered Monday that' by the end Of the 1955 fiscal year next June 30 the deficit will be pared down to $4,504,000,000 less than half that of Dec, 31. The deficit usually is much higher pn Dec. 31 than at the end of the fiscal year the fol lowing June 30 because corpora tions ioav most of their taxes from! January through June, the Government's income is usually, less than Its outgo from July through December and income Is more than outgo from January through June, i The? Dec 31r' 1954-deficit compared r-with $8,728,000,000, on" Dec Last June 30 the deficit' was $3,117,000,000 at the end Pf fis Cdrloadina Construction is under way to day on the $140,000 Civic Center Motel, 33-unit, two-story project a awe, a awa ai ou 01 in ol 'The motel, situated on a 15, 725-sauare foot lot formerly occupied! by homes, should be completed by April 15, according to tf.

R. LaFond and A. Smith, partners. Interiors of the units will be Spanish" in motif. Four of the urtits will have kitchenettes.

F. L. Zorzie of Orinda is cdri Service pins have been pre1 sented to 49 employees of the Standard Oil Company's Rich YJlt F. Ntwnham W. A.

Slatttry mond refinery by W. Rehf uss, assistant; general manager. I Heading the list of employees with service ranging from five to 45 years were D. J. Esola, foreman' in the refinery package division, 45 years; and Jctmet McCema D.

J. Esolat iff Li James McCann, maintenance and Frank Newnham, San Pablo tank farm, 40 years each. 'c i Also' reported by Standard; is the retirement of William A. Slattery. dispatch operator in the package division, wno is leavinir the firm after 37 years or service.

1 Bayj Area Ship ARRIVED IN BAT vtnvtlliT JAN. IB CONSTITUTION STATE. eXtkias. from Los Angeles, 4:90 p.m., aiaies Marine Pier 44. SONOMA.

Wertx. from Los Angeles, 7:20 to Mataon Navigation invipnr Bmiiih. from Port San Luis, to Union Oil Ca, Oleum. Oleum. FAIRPQHT, somarnai, mm rom.na.

o.m: to Waterman Howard TerminaKOakland. THDBSnAV, JAN. LOCK -RYAN, Todd, from Los An-geles. 7' A to Holland America LJne, Pier 28. J.

L. BANNA, sngnsn, irom ecafue, 12:45 p.ni,; Standard OU Richmond. n.ViNVfi EAGLE. Biovedt. from Ori ent, 1 p.mi, Isthbrandtson Line.

Pier 34. L. F'ST. CLAIR, Meyer, from Portland. l-3! p.m..

Union Oil Oleum. KvnsKr.T vrom ran am buu. 1:50 t.rAA General Petroleum MATHkw tTJCKZNBACH. Hlon. from Portland.

3.33 p.m., Luckenbach HOe6Hi SILVERWAVE. Nyos, from 10 p.m.. Transpacific Tifns- ponation pier i. jamis COOK. Martin, from Seattle, 3 pw Rtchfield.

Ott Martlnea. SAILED FROM SJ. BAY WEDNESDAY. JAN. 19 (V SANTA FE.

Enaberg. for Las Angeles, 3:10 a.m.':Grace Lines. MORM ACGULT, Moioug, tor 'Angeles, 8-SS; p.m.. Moore-McCormack; Co. 11:55 n.m.: Pacific Far East Line.

TRUSS DAT, JAN. 38 f' MacJAREGILL. Enslish. for Portland" 12:33 Standard Oil Co. TAMESIS, Fredericksen.

for Manila, 3:30 Shipping Co. UGliTNlNt. Peaerson, ior 8:3 a.m.. American President Lines. BONANZA.

Nygsard. fpr Portland. 3:20 p.m., red Olsen Line. fxtm. 12:3 Richfield Oil Co.

SCHEDULED ARRIVALS Sublect "to change without noticei TODAY -t COM AY AGT7 A. from OolfltO, Plep SO. LIONS GATE, from Gothenburg, pier "sT. ftJbRRB E. CHAIN, from Yoko hama.

Army Base. Oskland. TOPA TOP from Britisn wwuisms. rnvilltment Funds Tsnpw vnRwrws National Associa tion of securities uesiprs, inc. Aik tsia Bid AberdnP J.li 1.311 doPoun Ait" J- S.JS B.ZI sounn h.jj 16,921 do Insur I.S3 11.69 AtomDv 42.9 14.13 inwcwn H1.H.W InvTBo 17.10 18.68 JhnstnM 37.23 17.99 KeyCsBl 28.90 28.07 AnHtnAUl 3 12.38! OSB Z3.0 3d.ot do Stocks 3.78 4.13 Wl.lrHM 5.23 5.62 BlueRdtf 18.43 13.811 OO 19.84 .11.32 Bondlriv X3.w a.aii do 4 11.54 12.59 BostonrlB.73 38.141 do 1 19.48 81.25 do 2 10.45 11.41 BroadSI 39.17 ao.73i 34.69 Cal Fd.

8.70 7.32! do SI lS.lt 18.50 do St 11.28 12.29 do 3 11.98 13.09 Can Genii 9.88 10.66 CansFd.il5.23 16. CentShs 23.60 25. 481 doS4 S.92 9.74 51 KnkbkrF ChemFd 5.99 .28.101 Colonl .17.13 18.59! LexTFd 11.24 12.29 LoomSa 41.37 41.37 ManFAut 4.62, 5.09 Comwlns 8.35 8.08 17.88 19.431 do El Eq 5.81 6.40 CompFd 15.43 16.77 noncrdF' 15.73 17.01 do Gen 3.90 4.30 doNonF 5.25 5.74 Cons 41.50! do Paper 7.32 1.05 CrwnWil2.08 13.191 do Petrol 5.71- 6.29 Delaw FJ20.53 2Z.S7 ao sieei a.oi; 11.07 do Trans a.3! a.ja Hn Inv.a II )1 5S ManhBF 8.36: 9.16 DivTEil3.43 15.25! MassInT 27.32 29.54 Divid Shi 2.33 2.56 do Grth 24.40 26.38 Dreyf usS 7.44 8.09! MassbMe, 34.a' EStHBalil9.t7 20.50 Mutllnv 9.18 10J08 do Stk M6.lt 17.97) MutShs 14.20 14.20 Equity 6.32 .55 FiriolitF 124.7 1 26.711 MutTr NaWBal 12.34 13,41 18.09 19.58 16.11 17.42 Finan 1 3.38 l.70NstInvs FstBost S1.75 94.73 NSSBal 10.81 11.81 FdrsMutI1.63 12.64! Formulail2.94 14.18 FrankCul 8.96 9.821 do Bond 7.23 7.93 do Pf St 8.98 881 do Incm 5.96 641 do Pf. 1.3 a.us! doSpecu 4.38 4.79 do Stock f. 41.

1.10 doGro 13.69,17.15 Fund InM3.13 14.39 GasInF 24.15 26.39 67.811 NatResF S.29 9,80 ien in i.ai NatRCan 3-50 3.84 NwEngF 20.25 21,89 GrSAutd B.8 P.asi do AviaT20.09 81.84 do BldJ. 14.81 16.21 doCapG 9.43 10.331 NAmT 89 7.BO do '56 3.2TS PacAmlh 8.87 9.37 do Pf 28.00 27.50 FhilaFd 15.67 17,11 PineStF 19.79 20.19 doChmi10.77 11.80 do Com 11.28 12.35i da Elaeff 7.18 7.68 itnloMK S.82 PioneerF 11.79 12.79 doFulAit.22 10.101 Price TG 24-91 35.43 aoGenm 9.33 io.jji-uruuie oi doInM tf.13 13.80! Putnam 33.14 23.02 doInstB1.40 9.79 0CQ9OCV CO.Wi J.J do Mer 10.56 11.87 do Min i 8. IT S-951 do Com 13.68 19.68 SelAms 18.83 17.68 doPetro? 6.14 10.01 SUteStI 69.50 73.50 doRRBC t.09 3.401 StnRArF 28.17 28.17 doRRfcd; -23 8.74TelevElf 10.45 11.38 doRRSt 10.50 11.50TexssFd 6.83 T.57 doSteel 11.57 12.67iUnit Ac 6.99 6.77 doTob v4.0t 4.42! doUUI 8.48 9.30 UnitCont 6.52 i 7.11 Unitlnf 17.31 18.32 UnitSclf 8.60 9.40 ValueLina 8.41 f.is doIncF 8.76 6.31 Strum 11.20 1120 Wash Mil 14-39 18.39 WclgtnF 34.23 24.40 Whithir 22.48 34.31 Cro Ind 37.40 3. 3 1 37.U 14.78 18.21 33.64 23.64 15.81 GuardM HavdocK HudsnF '14 2.29 t.50 Inclnve 15.08 16.301 IncIncmB8.09 g.64 If r- ley is newly-appointed indus-dustrial sales director for the Lincoln Engineering accord ing to Ii. It, Meikle, president.

Lincoln has an office at 30)3 San Pablo Berkeley, Harry R. Koses of Lafayette f. succeeas mcvoy as neaa pi me Northern California-N a a Division. I Joseph B. Black has been ap pointed division manager of con tracts administration for jHiller Helicopters, faio Alto, accord ing to Edward T.

Bolton, execu tive vice president Frank Canonica, assistant secretary of Sit Fine Foods, has been assigned the addi tional duties of credit manager for the Northern California, division, it was reported today by Frank A. Beeton, controller and secretary. The Oakland Chamber oi Com mcrce will inaugurate its) 1955 good will and travel education program May 16 with an eight- day trip to Honolulu. The all-expense escorted tour will be the third annual vacation triD to the Islands by the cham ber in cooperation with Trans- ocean Air Lines, according to Kendric B. Morrish, chamber president.

The tour, starting and ending at Metropolitan Oakland International Airport, will; cost $288,80, including tax, and in cludes round trip transportation. hotel accommodation at the Niumalu on Waikiki Beach, a native luau, tour of ML Tantalus, luncheon at the Waioli Tea Room, outrigger or glass bottom boat ride, and an' aloha; night dinner at the Honolulu Interna tional Airport. Bernice B. Hayes, 5360 Ma nila sales representative for Britannica Junior, children's reference work published by Encyclopedia Britannica; has been named the company's International "Man" of the month for December. Mrs.

Hayes was chosen; as the outstanding salesman in the United States and Canada last month, according to Paul Seaman, vice president, sales. Movertients MATftCW LUCKENBACH. from Col llmhi, Hivr. Rtnrktnn A ADVENTURER, from Columbia ruver, Encinai Terminal. Aiamrai.

TRITONS, from Columbia mver. Howard Terminal. Oakland. VIGAN. from Columbia River, Pier 41.

lAitsuAi, Jan. zx F. S. BELL, from Philadelphia. Pier 33.

JULIA LUCKENBACH. from Tampa. Pier 44. VIGAN, from Columbia Jtiver. pier 41.

PARBAKOOLA, from Coos Bag, Rich mond, "Ii: SCHEDULED DEPARTURES Subject to change without notice. TODAY ADEN CREEK, for Brooklyn. Stockton. HAWAIIAN FARMER, for Honolulu. Pier 32, Colorado, for Manus.

pier s. -JOEL CHANDLER HARRIS. for Seward. Pier 40. Arizona, for YoKonama.

pier v. INDIAN BEAR, for Yokohama. Pier 40. CONSTITUTION STATE, tor Yokohama. Pier 44.

(ATUBDAT. JAN. Z1 narDor, vaKiana. ---i CASTLEVILLE. for Manila.

Pier jb, TRITONE, for Marseilles, Encinal Ter mlnal, Alameda. MR. MANUFACTURER Mfgrs. Agent with 10 yra. ex, selling te local Northern Calif, industry wants additional line.

Writ log M400297, Tribune. LIOAL NOTICE wtowwwaiMwwMMiwwMai NOTICE OP HEARING APPLICA TION TO OPERATE A CABARET. Notice la hereby given that Inaanh T) dha. Joa'a New Tropical Club has filed art appli cation for permission to operate a Cabaret at 288 12th street, Oakland. Notice la hereby further given that a hearing-, on said application will be held by the City Manager at Ms office.

Room 109. City Hall. Oakland, California, on Friday, the Slat day of January. 1955, at the hour ot 10:00 o'clock at which time and place any persons interested may appear and file their objections it any they have. GLADYS 'M.

MUttrni, City Clerk. Xo. 343 -Jan. 19 3t) ORDINANCE' NO. C.M.S.

AN ORDINANCE APPROPRIAT ING THE SUM OK 13350.00, OR AS MUCH THEREOF AS MAY BE NECESSARY, FOR THE ACQUISITION OF FEtf TITLE TO- CER TAIN PROPERTY. AT THE NORTH KASTKRLY CORNER IN TERSECTION i OF TJELEGRAPH AND CLAKEMU.M KKETTCrj FOR THE CHANNELI ZATION OF TELEGRAPH AND CLAREMONT AVENUES; AND DI- hECTINQ THE RIGHT OF WAX AGENT TO TAKE THE NECES- SART STEPS TU UUMfJUlbXtt SAID ACQUISITION. RE IT OHDAl.NtiU DV IM LOttn cil of the City of Oakland, aa fol lows: SECTION 1. There is hereby ap proprlated out of the Traffic Safety Fund, the sum of $3350.00, or as much thereof as may be necessary for the acquisition of fee title to certain property, at the north easterly corner Intersection of Telegraph ana tiaremont Avenues needed lor tne cnanneusauon oi Telegraph and Claremont Avenues, Said property la altuate tri the City of Oakland. County or Aiameaa.

State of California, and mdre par ticularly described In Resolution No. 33501 C.M.S., on file in the office of the Citv Clerk. SECTION 2, The Right nf Way Agent la hereby authorised and directed to take the neceaaary ateps to complete said acquisition. SECTION 3. Thia Ordinance shall take effect sixty (SO) days after its final passage.

i In Council, Oakland, Jan. 18, 1955. i Passed to print for two daya by the following Ayes: Couhcilmen Grant, Hetsey, MacLeod. Masslora, RUea. Rossi, Youell and President Dl.hAll Nam, Nam.

lAhaant; Councilman Hoover 1. City Clerk No. J5T Jan. II (lO NOTICE OF HEARING APPLI CATION TO OPERATE A USED CAR SALES XajT. Motica is nereoy given mat Muriel Wootten has filed an application tor permission to operate a used car sales, lot a.t 8145 East 14th Street.

Oakland. Notice is nsrsoy further riven that a. hearing- on said application will be held by the City Manager at his Room S0, City Hall, CHICAGO. Jan. 21.MJ Grains; fluctuated within narrow price limits in routine dealings on the; Board of Trade today.

Prices were mostly lower dur ihg the early part of the day but thev tended tb! eick un to ward the finish. Ry was sl little stronger than anything else, largely in sympathy with gams at Old crop soybean futures gen erally showed the! largest losses, but the new crop months were in demand and gained a cent or more at tunes: Wheat closed a to 14 higher. March 33.30-3.30: corn Vt lower to higher. March oats unchanged to tower, juarcn rye ra no higher, March 8L31V4: soybeans to 3 higher. March 3l73-lJ3'Ai and lard 10 to IS cents a hundred pounds nigner, juarcn si.as.

I- GRAIN RANGE CHTCAGO. Jsn. -ai-uoft Opeti WHEAT Hi Low Cloe Mar. 3.3BH S01kl S.30- 3 JT 3.38-37 3.12H3.11 21J-V 3.14V4 S.13 3.14-V 3.17H'S.16y 3.17H May t.38-33 3.11 3.134 3. 17 is July Sept.

Dec CORN Mar. 1.85 May 1.57i'4.ti July l.WWi SepCl-54'. Dec. 1.43 1.55 1.84 1.57H 1.58H 1.5 1.674 1.S4H lia 1.43 1.44 1.54Vl-i 1.57-87Vs 1.5SH 1.54 i 1.43 .76 .73 .71 1J14 1.2414-23', 1.25 V4 19 V4. S.73s..H 2 3.68V-4 3.34-334 2.43V,-V 11.53 12.47 12.53 12.60 1350 OATS Mar.

May .75: .71 .11, .71 July v'i Sept. f. RYE Mar. 1.201 1.22 1 I.WV4 1.24 'i 1.23' 1.23Vi 1I4' 1.26', 1.154 2.734 2 t0i 2.714 I68V4 3.884 3.86 3.54 3.31 V4 3.434 2.43V, May 1.23-t July 1.24., Sept. I.36W SOYBEANS Mar.

3.71-72 May 3.694-'4 3.687 3.52-52V4 July Sept Nov. 3.44 LARD Mar. 12.4$ 12 33 12.50 12.53 12.80 12.50 1143 112.35 i 13.42 13.55 1350 Msy July Sept. Oct. 12.33 12.43 12.53 13.60 4 CASH GRAIN CHICAGO.

Jan. 31. Wheat: Corn: No. 3 yellow. tlJ2i: No.

3. I I fl oats: No. 1 extra Heavy mixed, sec: No. 1 mixed. 844c: No.

I heavy white. 86 "4-87 'a; No. 1 WhiU, 84 Vi: NO. 2. line.

soybean oil. 1Z; aoyeean meal. 65.00- 65.50. i Barley, nominal: Malting, choice. 1.94; 8I.OO-1JO.

LOCAL GRAIN I GRAIN In earlots. per cwt. bulk basis, b. tracks at San Franctsco: No. 8 brieht Western bai- lev.

tesUne 44 lbs. 1 i $2.65 62.67 ti No. 1 bright Western mart-out, testing 46 2.70 62.724 MMlitun maltlne tvneSJ.i. 2.72 'A fa 2.77 V. Good and: choice malting types nnifljuivj No.

1 hard white 3.80 3J2 No. 1 aoft white 1.83 4S3.90 Heaer dockage 3.73 453.83 no. 2 yellow corn a.43 i3.4s No. 2 yellow milo i. 3.07H3.12 sample graae rea xeea oais M1LXJ filTri hsrisd.

per ton. la car- Standard miTlrun $54 .007 54.50 Red wheat bran 68 J)0a 58.00 AU ALFA Baled, ear in earlots: Choie alfalfa. lrarrillMm parable to VIS. No. i S3X60Q33.00 no.

1 osiry. eeneruy com- paraoie 10 u-s. no. a leaiy x3.ooaH.90 No. 3 dairy, genera 'ly parable to U.S.

No. 3Q.oog32.oo POULTRY AND! GAME Feral-Stte MarfcetNews Service i Paying Price IfebJUstbay dressed i nrle trt re- No. 1 live tsilers 14 to IVi IDS. Z728 FRYERS 2V to 44 lbs. C45 4JC46 626 Sftt38 l22 4Je 43145 37638 ROASTERS lbs.

and 31QU Hens, light type, aU weigbu Hens, heavy type, all i weiehts ...25027 OLD ROOSTERS All weiaahU 1113 eajVTMieaj All wrlrhto TURKEYS Young hens, all Younc toma. all SQUABS 13 lbs. ana over, per doe. iti so 1.2541.30 S3GSS DOMESTIC BABBITS 1 under 13 lbs. DAIRY PRODUCTS i BUTTER S3 acore.

tlei 82 score. 61c: 80 score, SSHc, i cheese Grade A loaf. sSQtle: grade aingle, 86 37c EGGS- Large, grade 45'4c: grade 14 small, grade 384e. I i Poultry Producers of; Central California: Large, grade At 47c; medium, grade 46c; small, grade 41c. Storage Egg Futures Sales High Low Cloie January ...130 1 31.80 31.63 31.70 September 514 4t.28 ,40.50 40.80 October .....100 41 JO 40.50 40.85 Bid i.

Ask 30 Polaroid Corp. 49V, Portland Gen. Elec. 31 32 S3 228 Pub. Serv.

New Mex. 14 14T puget sound p. Ac u. 33Va Purex Corp. 9V Rockwell Mlg.

33 Roddis Plywood. 10-4 San Water 38 '4 Sierra Pac, Pwr. 36V4 So. Calif. Water 13V, 35 V4 10V4 37 '4 11V, 42V4 39 144 southern Union Gas 19V4 State Guar, pf.

37 V4 Stuart Cp. 204 Suburban Prop, Gaa 334 Gas. Trans, 31V Tenn. Production 18V, Texas Eastern 26 '4 19V4 204 37V 40V, 3ZV4 24 32 KO 274 Texas Gas Trans. Time.

Inc. Trans, Gas Pipe Tucson Gas Utah Southern Oil Van Camp Sea Food a 4 i I efeaaa 21 V4 47 27V4 Z24 294 234 23 Vi 18V, 18'4 V4 7' West Coast Tel. 18 f.i i Western Nat. Gas i 124 i 4 IJ-'tJ Weyerhaeuw Timber; Wisconsin Pwr. Lt.

i.i. Yuba Const. Gold 107 26H 274 8s, INSURANCE STOCKS Aetna Flrei A.i 69; 74 American EauiUble 36 American Ins. Newark 334 33V Fireman's Fund 70' 74V, Firemen's Ins. Newark 39 42V Founder's Ins.

2S 464 49'; General Great American Hanover Ftre i. 424; 45V see tiSMSt a 47 49V Hartford Ftre Home Insurance JB3 43 48 97 Vi 103 National Fire National Union Fir 45V, 48 '4 North River 364 39V Providence-Wash. Springfield F. as M. ay eov sundard Accident ii .79 Westchester 39 33 BANKS AND ANTES Bankers l'rust 614 65 Bank of Manhattan 48Va 31V Chase National 60 62V.

Chemical Corn Ex. Bank 494 524 Guaranty Trust 74i 78' mini 4 ruse sav ois Manufacturers Trust. .1...... 77 81 National City 56, 56 '4 COAST ISSUES American Tr. S.

F. 40 .42 Bank ef Amer. nTicSA. Bank of CallfS. F.

69VV t3Vs mucnui.ouii a. m. Pacific Natl. ,8. C.liJornia Bank L.

A. 4T 81 mn. 1 n. iff First National Portland SS'A of Westinghouse appliances. Eagan has offices at 1818 108th Ave.

Wyandotte Chemicals manufacturer of specialized cleaning materials for the metal, food processing and laundry industries, has added Eugene A. Bedard to its San Francisco industrial sales staff. Bedard, a San Francisco resi- Si E. A. Bedard dent, has worked in the Bay Area for the past 16 years as production superintendent for a manufacturing plant, technical consultant to industrial sales groups and as a salesman.

Stephen L. Davenport led the Oakland agency staff of the Provident Mutual Life Insur ance Company in sales during 1954, and has been given the annual of the year" award. With the firm since its local agency was opened in isoj, much of his record was chalked up during a time when he was also completing work toward his Masters degree at University of California, Charles Conlin, agency manager, said today. ADVERTISING AGENCY Well established East Bay advertising agency offers ceptional opportunity to expe rienced advertising or public relations executive (with some account billing) to participate, in expansion program. Call Glencourt 2-3533 for confl-', dential interview.

UtAL sjoticb the 21st day ot January. 1 165, at tne Hour or ociock ai which time and place any persons Interested may appear and file their objections If any they City Clerk. No. 244 -Jan. 18- lt NOTICE OF HEARING APPLI CATION TO OPERATE AN AUTO WRECKING YARD.

Notice is hereby riven mat Arthur Bute has filed an application for permission to operate an auto wrecking yard at 114 13th Street, Oakland. Notice is hereby further given that a hearing- on said application will be held by tne city Manager at his office. Room 109. City Halt, Oakland, California, on Tuesdsy. the 25th day of 19J5.

at the hour of 10:00 o'clock a.m., at which time and place any persona interested may appear ana ms their objections If any they have. GLADYS H. MURPHY. City Clerk. No.

3S0 Jan. 20 3t) NOTICE BIDS FOR THE CITY OF OAKLAND. CALIFORNIA. The City Clerk will receive sealed bids or proposals in her office In the City Hall at any time prior to the hour or ociock p.m. on Thursday; the 10th day of February, 1955, for the following: 1.

FOR THE RENTAL AND. DELIVERING OF CHAIR8, LAMPS AND TABLES FOR EACH OF THB PRECINCTS: 2. FOR FURNISHING ELECTION SUPPLIES; both to used at th varloua municipal elections to bo held In the City of Oakland during the fiscal year 1854-1855. Specifications and blank forma of proposala will be furnished by the City Clerk on application. Price hid shall Include all applicable taxes.

The City Is exempt from City of Oakland Sales Tax ami Federal Excise tax. AU proposals xhall be accompanied by a check Jm the aum of $100.00 -certified by a responsible ban, payable to the order of Gladya H. Murphy, City Clerk of the Oity of Oakland, which check and th amount therein anecifted shall be forfeited and retained, by the City of Oak. land tr tno successful bidder xaua to execute i th contract In th required form and furnish th bond required. Bona in an amount equal to one-fourth of th total contract price but not leaa than (500.00 -to be approved by the Council of the City of Oakland to riven by successful bidder as a gruarante for faithful performance of th contract.

Contract to be entered Into Within five (5) days after award thereof. Deliveries, to fee mad after th Auditor-Controller' Certifies tloa of Award of Contract aa follows: 1. Rental and delivering chairs, lamps and tables In accord ance with the orders of the City Clerk; 2. Furnishing election sup plies to be i delivered at th tlm and place designated by the City, Clerk, and lit, accordance with specifications tberefer adopted January is. im.

The Trade Winds By LOU SCHNEIDER NEW.YORK, Jan. 21. Organized labor's prime target this year is outright repeal of the so-called right to work laws now effective in 17 states. The campaign is approved by top-level leaders of the AFL and CIO. It is going forward with intensity, but without attracting national attention.

That's because the fights are scattered in the States having such laws. UNLISTED STOCK QUOTATIONS time, continue to ThdlabeJ to imp am financial The right-to-work law for- bids a closed shop or any form compulsory union membership. Those who ad vocated the laws gave it the nickname. Labor leaders re gard the name as a propaganda John E. Canipe, sec retary of the Charlotte, N.c.

Local No. 234. AFL-Upholster ers1 International Union, writes giving your reporter this opinion: Every man should enjoy the right to work, anywhere, but there would be no need fori employee protection if employ ers would do what they say they do or are going to do. Adds Canipe: The so-called Right-To-work law guarantees a worker the right to work with out belonging to a labor union. But if the plant or shop has a union contract and it gains a wage increase, this free loader gets the same gains without pay ing union dues.

The free loader benefits even if his plant hasn't! any union contracts but other firms in the same industry sign higher wage union contracts. Canipe infers that the free rider is taking undue advantage of millions of workers who do support labor unions that help to gain wage increases. That be havior isn't equitable and doesn merit a place in the American system of private en terprise. Labor strife this year, cau tion commercial bankers, will be more severe than 1934 now that labor leaders aren't concerned about sustained employment. But they do expect unemploy ment to total above the 3,000,000 figure because the 'labor force is outpacing new jobs.

Statistics reveal that roughly "umber of shares sold short in anticipation of lower prices is lower now than at anjr time siace last June. 1 i And public interest 4ri the trrket continues high. With the number of issues involved In irh dav tradinf stayuZ large tiuTcn shoD through' the entire list BANK REPORTS 'HIDAV. AS. tt r.

.20 czir is--0 vJtt Sm Fimcuoi 0 Lea Xmrles detaU 3Jl.B0O.UCe FOREIGN EXCHANGE NEW YORK. 3m. rifTortUn exchange rates follow tOreat Bntala in doiUn. ethers in ceflUi: Canadian dollar UvNr market. 3U per cent premium or IM-W1 VS.

cents, Europe Great Britain ipeund, J7J a a cent: aA-dae futures. up A ef cent: o-dar futures. 3.7JJI. up rV ef owU Milium urwti, MU. mj rani' Tmtem (frSACl.

4 a cent, vnchanged: German (we-eml Oeach anark. XtAK unchanged: Holland iruildew, HM, unchanged; Italy bra. Af-m eg ceV unchanged: Por tugal fescudol, 3-0. unehangeor oweoen Ikrenai, 1M, tmehangsd: fiitferUml franc (free. 13-33 ia.

unchanged; Den- win wwkAmw'm Latin Amenca Art una tirecK TJ4, cmrhant ed: Brazil tree. ti cent; Uezteev t. nehange: Vene-XuLa fbliar. 34 S3, unchanged. Far East Beo Kong tdoiierli 17.43.

amrhaaged. TREASURY POSITION WASHTKCrroX. Ian. SI.J TTje caa paetuom ef the Treaauryj Jan. 1 compered with ae dM.tu fml vear J'tlr 1.

1M OUW II; wMhi row a Is The following bid and 'asked nriees are obtained from the NASD but are unofii daL They do not represent actual trans actions; they are intended as a guide to ine approximate range wunin wnicn these securities could nave been sold or bought at the time of compilation. 1 Bid AxIC AinTirTEoIpress'TrTTTTTTTTTr 24V 2m Amer. Marietta Amer. Pres. Lines Ampex Corn.

47 81 37 40'4 14V 15'A Anheuser Busch 284 284 Arden Fsrms 174 18 Arizona run. oerv. 12. 2414 Aztec Oil 3s Gas 6V. 8Ts Berkshire Fine Sp.

13S 18 Black SivalU St Bryson 31. 33 Ine. 36 Vi 39 Cal. Interstate Tel. 12V, ISA Cal.

Oreeon Power 30 32 Cal. Pac. Utlls 274 294 CaL water Service 40 424 Cal. Water Tel IS 19 Canadian Sup. Oil Capitol Records 12 13 16Vs 18" 13 14 33 Va 35' 33 37 4 16Ta 18'4 16 174 124 134 I8V4 20H 17V4 184 IVs 314 434 464 284 31V, 324.

34. cent. siee. uas Cent. Ill.i Eire.

Sc Gas! Cent. Soya Co cent. Vermont pud. oerv. Citisens UU).

Colorado Oil Gas .,4.. Cons. Freight Cutter Labs.i Dole Ener. Dunn Bradstreet Dures Plastics At Eastern Util. Assoc.

Eitel McCullougb 13 i'm P. 18 'i II Foremost Dairies 18 V4 164 Oas Service Co. 144 28 V4 Gen. Tel. CaL 6 pf.

21H .22 Gerber Products 45V, 48V4 GuU IntersUte Gas 104 11 Vi Harbor Plywood 144 15'. HarshawiChemlcal 44V4 J7J4 Hearst Pubs. Df. 13V4 14V4 Ideal Cement 49 V4 Int. Cellucotton 46V 48 4 Iowa Elee.

Lt is Pwr. 234 25 '4 Iowa 60, UUL J0' 22H Ksiscr Steel pf. 234 24V4 Kaiser Steel com. 134 Kellogg Co. 4 32' 34Ts Kerr Mcuee oil mo.

az Kingsburg Cot. Oil 24 3V4 Langendorf Bakeries 27 "4 294 Langendorf Bakeries PI. 304 33' Long Bell Lumber 20 214 Lucky Stores 12 13'4 Macco Corp. 64 104 P. R.

Mallory 48V, 504 Mohawk Petroleum 16 33 Morrison Knudsen ....4,,..... 27 29 NaU. Mtn Bearing .334 New ugiana w. ic-s Nerfris Thermador 32 '4 Pabst Brewing 144 18 234 154 Pac inter, tvxprau wm PM. fWr.

aUW a OWIf "citrTcuf No. 3 Jan. 20 (It) rl year, JI3 T7 I w-nw-n i. tt2S: total frtt Z7f im vm n- gid- siaeu 3MU mjut it. 5.

inchtdea JTa.73 debt net sub ject te sUtutory Umit. 1 I Friday, Oakland. California, on CSV InstBank; 1.08 IMi Wise Inv. ,.09 S.50 cal 1954, Seattle 1st Natl. 1,000,000 new Jobs a year will IS Packard-BeU 11 i i i i 1 i 1 i.

ii i Ve8 lHl afl ii 11 1 iM I i iibbV iits 1 rSiin -aaiesag.